High Liner Q1 net income slumps to $1.8M on asset writedown, acquisition costs

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LUNENBURG, N.S. - Value-added sea food producer High Liner Foods Inc. (TSX:HLF) reports first-quarter net income of $1.8 million or 12 cents per diluted share, compared with $9.7 million or 63 cents per share in the same 2011 period. Sales revenue rose to $287.6 million from $178.8 million.

Organizations: High Liner Foods Inc., TSX

Geographic location: LUNENBURG

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